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Why Hiring a Fairfax Tax Attorney is a Good Idea When Dealing with the IRS

Dealing with the IRS can feel like navigating a labyrinth. The complex tax codes, intimidating correspondence, and potential legal repercussions can overwhelm anyone. Whether you're facing an audit, dealing with back taxes, or simply trying to ensure that your tax filings are in order, hiring a Fairfax tax attorney can be a game-changer. Let's delve [...]

How a Virginia Tax Attorney Can Help Clients Who Owe Back Business Taxes to the State

Owe Back Business Taxes in Virginia? Owing back business taxes to the Commonwealth of Virginia can be a daunting and stressful experience for any business owner. The complexities of tax law, coupled with the aggressive collection tactics employed by the Virginia Department of Taxation, make this a particularly challenging issue to navigate alone. This is where [...]

The Crucial Need for Hiring a Fairfax, VA IRS Defense Attorney When You Owe Back Taxes

Hire a Fairfax, VA IRS Defense Attorney When You Owe Back Taxes Owing back taxes to the Internal Revenue Service (IRS) can be an overwhelming and stressful experience. The complexities of tax law, coupled with the intimidating power of the IRS, make navigating this issue particularly challenging. For residents of Fairfax, VA, hiring a specialized [...]

How a Tax Lien Can Affect Your Chances of Getting New Credit

This is a blurb from the Experian web site as of 2/27/2024 How a Tax Lien Can Affect Your Chances of Getting New Credit Tax liens may not appear on your credit report, but they're public records, so they can still affect your ability to get approved for credit.  That's because a tax lien indicates [...]

How Employment Lawyers Evaluate Potential Clients and Their Cases

When you consult a lawyer about your employment lawsuit, two things will go on: 1. You will evaluate the lawyer to decide whether this is the person that you want to represent you. 2. The lawyer will evaluate you and your case to decide whether he or she wants to represent you. Here is how [...]

COVID-19: Business and Tax Resources for Disaster Assistance and Loan Programs

Coronavirus Relief Options Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. Funding Options In addition to traditional SBA funding programs, the CARES [...]

Coronavirus Relief Options

COVID-19 Business and Tax Resources for Disaster Assistance and Loan Programs   Coronavirus Relief Options Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small [...]

IRS Mines for Data: IRS is Using Data Mining Software to Identify Tax Cases

The IRS recently signed a seven-year, $99-million deal with a private company for data mining software to help the IRS track down and prosecute tax cheats. The technology can sift through mountains of taxpayer information, exposes suspicious activity, and identify cases for possible audit. With tight budgets, the software boosts efficiency. The IRS is being [...]

Alimony Payments : What Records Do You Need to Keep?

Although courts have been less inclined in recent years to grant alimony (spousal support paid from one partner to the other on an ongoing basis following a divorce), there are some scenarios in which it is more commonly awarded, such as when one partner was responsible for the vast majority of the couple’s combined income [...]

Are You on the IRS Radar?

Although the IRS lost a lot of staff over the past few years due to budget cuts, retirements, and hiring freezes, it has been hiring additional enforcement personnel in the past few months. The personnel are being trained and are starting to hit the field. That means the IRS is ramping up to increase tax [...]

The Cost of No Records – Keeping Track of Home Improvements is Important.

Many of us feel overwhelmed with paper and record keeping. I often get asked how long records should be kept, as well as what records to keep. Here’s a court case that will help you appreciate the need for good tax records. Proving Basis in the Home Riley and Joyce Pendergraft bought their home in [...]

IRS Audit – Mandatory Review of Tax Returns

Most people are probably aware that various groups, including the US Congress, have been trying to get President Trump to release his tax returns. In 2016, then candidate Trump indicated he would release his returns if elected.  More recently, President Trump has been asking the Federal Court to block a subpoena issued by the Manhattan [...]

Tax Fraud in Northern Virginia

In July 2019 a man who formerly resided in Herndon was sentenced to one year and a day in federal prison on each of four charges (two charges of theft of government money and two charges of money laundering) for his role in tax fraud i.e preparing false tax returns, stealing the refunds, and “laundering” [...]

How NOT to Value Charitable Contributions : Understanding Fair Market Value

A retired grandmother with a fondness for shopping sought a way to combine her love of shopping with a desire for a tax cut. In 2010 she developed what she described as her “personal tax shelter.” She learned that a taxpayer may generally claim a charitable deduction in an amount equal to the fair market [...]

Responding to Coronavirus for Businesses and Employers

Since a major pandemic of this scope has never happened before, there is broadscale confusion for businesses and employees during the quarantine. The CDC has issued guidelines as temporary closure orders remain at the discretion of individual states and counties. These guidelines, if they are not followed, can become lawsuits later on, so businesses will need to remain vigilant [...]

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